Siemens Energy (OTCMKTS:SMNEY) Reaches New 12-Month High – What’s Next?

Shares of Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) hit a new 52-week high during trading on Thursday . The stock traded as high as $136.52 and last traded at $136.28, with a volume of 37424 shares trading hands. The stock had previously closed at $133.81.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Siemens Energy to a “strong-buy” rating in a research note on Friday, September 5th. Jefferies Financial Group raised Siemens Energy from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Citigroup reiterated a “neutral” rating on shares of Siemens Energy in a research report on Thursday, October 2nd. Zacks Research raised Siemens Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Siemens Energy in a research note on Friday, November 21st. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Siemens Energy Stock Up 2.0%

The firm has a market capitalization of $109.11 billion, a PE ratio of 77.12 and a beta of 1.94. The company has a fifty day moving average price of $123.64 and a 200-day moving average price of $112.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.90.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.